The crypto market gained steam on Friday, July 11, with Bitcoin and most altcoins jumping by over 5%. Bitcoin (BTC) surged to nearly $120,000, while the crypto Fear and Greed Index moved to the greed zone of 65. The total…

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Bitcoin’s record-breaking climb past $118,000 isn’t tied to Fed policy or 
equities. Instead, analysts say spot ETF demand and corporate treasury 
strategies are driving this historic move. Meanwhile, altcoins are surging in 
BTC’s wake. Bitcoin (BTC) shattered its previous all-time…

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Precious metals enthusiast and entrepreneur Peter Schiff has been spotlighting 
silver’s recent momentum—and taking a few jabs at bitcoin in the process, 
calling it a “distraction.” As Bitcoin Soars, Schiff Says Silver Is the Real 
Moonshot Investors Are Missing On Thursday, as bitcoin blasted past its 
previous all-time highs this year, the longtime gold advocate […]

Peter Schiff Sounds the Alarm: Bitcoin’s Rise Is a ‘Distraction’ From Silver’s Big Moment

Ethereum just broke above the critical $3,000 level, marking a major technical 
milestone after surging over 20% since Tuesday. This decisive breakout signals 
renewed strength in the second-largest cryptocurrency, with bulls reclaiming 
control after weeks of tight consolidation. The move is reigniting interest 
across the broader altcoin market, which had remained relatively muted during 
Bitcoin’s recent rally to all-time highs. Now, with ETH leading the charge, 
many altcoins are showing signs of reversal and upward momentum. Related 
Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? 
According to top analyst Ted Pillows, a key factor behind Ethereum’s rally is 
the large concentration of liquidity resting just above the $3,000 mark. Once 
Ethereum cleared the $2,850 resistance, momentum rapidly accelerated, driving 
price through the $3,000 level and into a new range of opportunity. This rally 
comes amid a broader shift in market sentiment. As Bitcoin sets record highs, 
Ethereum and other altcoins appear poised to catch up. The big question now: 
can ETH maintain this level and lead a full altcoin season, or is this just a 
temporary breakout before another round of consolidation? Ethereum Breaks Out 
Of Consolidation Range Ethereum has spent the last several weeks consolidating 
within a clearly defined range that began in early May. The altcoin hovered 
between support around $2,800 and resistance just below $3,000, with multiple 
failed attempts to break above. That changed yesterday. ETH finally closed 
above this key resistance, signaling a potential breakout and confirming the 
start of a new bullish phase. This move comes as broader macroeconomic 
conditions improve. Strong labor market data in the US, alongside signs of de- 
escalation in several global conflicts, have helped reduce uncertainty and 
reignite risk appetite across financial markets. With Bitcoin reaching new 
highs and risk-on sentiment returning, Ethereum’s breakout may signal the next 
wave of upside for altcoins. Top analyst Ted Pillows highlighted a key 
technical factor: “ETH liquidity is lying above $3,000 — and liquidity is a 
magnet.” This means that large clusters of buy and stop orders are 
concentrated above this level, attracting price movement toward those zones. 
Now that Ethereum has broken past resistance, the presence of high liquidity 
could accelerate its move upward as traders chase momentum. The breakout also 
holds symbolic weight. It shows that investors are regaining confidence in 
Ethereum’s value proposition, particularly with the broader altcoin market 
showing signs of life. If ETH can hold this breakout and establish $3,000 as 
new support, the next leg higher could materialize quickly, opening the door 
to targets in the $3,400–$3,600 range. Related Reading: Ethereum Back At Range 
Highs: Breakout Above $2,800 Could Ignite Altseason ETH Breaks Major 
Resistance Ethereum (ETH) has decisively broken above the psychological and 
technical resistance at $3,000, closing its most recent candle at $3,008.97. 
This breakout follows a strong 15% daily surge, as seen in the chart, marking 
a powerful move backed by growing bullish momentum. Volume has expanded 
significantly, confirming trader conviction and institutional participation in 
this move. The breakout puts an end to nearly two months of sideways action, 
with ETH previously locked between the $2,500–$2,850 range. The 200-day simple 
moving average (SMA), currently near $2,796, was breached with strength, 
acting as a springboard for price acceleration. The reclaim of this moving 
average adds technical validation to the breakout and signals the beginning of 
a new bullish leg. Related Reading: Ethereum Price Action Signals Momentum 
Shift: BTC Sleeps And ETH Moves ETH is now in a key zone for potential 
continuation. As long as bulls defend the $2,850–$2,900 level as support, 
Ethereum has room to rally toward $3,400 and beyond. With Bitcoin trading at 
all-time highs and macro conditions turning favorable for risk assets, ETH 
could lead the next wave of altcoin expansion. Featured image from Dall-E, 
chart from TradingView